“As Marx amusingly put it elsewhere, in boom economies everybody acts like a Protestant – they act on pure faith. When the crash comes, though, everyone dives for cover in the “Catholicism” of the monetary base, real gold.”
“As Marx amusingly put it elsewhere, in boom economies everybody acts like a Protestant – they act on pure faith. When the crash comes, though, everyone dives for cover in the “Catholicism” of the monetary base, real gold.”
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